Assessment Rate on Direct Payment of Fees to Representatives Remains 6.3% in 2024

SSA has announced that the assessment rate on direct payment of fees to representatives will remain at 6.3 percent for 2024. The Social Security Act requires the agency to annually set the assessment percentage rate at the lesser of 6.3 percent “or the percent necessary to achieve full recovery of the costs we incur to determine and pay representatives’ fees.” SSA claims that “based on the best available data, we have determined that the current rate of 6.3 percent will continue for 2024.” Because SSA supplied no additional data, NOSSCR has submitted a Freedom of Information Act request to uncover this “best available data.” As a reminder, the maximum dollar amount for the assessment for 2024 is $117. You can read the full notice here.